NATIONAL FOR SALE INVENTORY
September 12th, 2008
According to Ziprealty:
The supply of homes available for sale in 29 major metropolitan areas in August was down 2.6% from a month earlier, according to figures compiled by ZipRealty Inc., a real-estate brokerage firm based in Emeryville, Calif. The ZipRealty data cover all listings of single-family homes, condominiums and town houses on local multiple-listing services in metro areas where the firm operates…One reason for the recent declines in many cities is that potential sellers have withdrawn from the market because they don't want to compete with builders and banks that have been slashing prices in an effort to clear out their inventories of new or foreclosed homes.
While the direct impact on Maui real estate is almost zero, this is the sort of data that indicates we may be approaching a national bottom…maybe.






